Hello friends,

This is a pending query for last one month. If any one can help we nned to work out payment of Advance Tax.

QUERY :

A software company has two units. One is 100% EOU claiming expemption us/ 10 A. The other unit is also 100% EOU but not claiming 10 A exemption.

The unit claiming 10 A exemption is making profits and the other non 10 A unit is incurring losses for long time.

However, the losses for the non 10 A units are not more than profit of the unit claiming 10 A exemption.

Can any one help me with working out MAT liability by substing hypothetical figures?

The company has skipped its advance tax payemnt if any due in June, for want of MAT calculation.

Thank you.

Jayant Shaligram

Dear Sir

Q1.We are a S/W Company 100% EOU, registered under STPI & VAT (Karnataka), whether company can claim refund of VAT paid on input items?
Q2.We are having Export sales only, in this case what will be the refund criteria.

WE HAVE ENGAGED A CONTRACTOR FOR CONSTRUCTIION OF BUILDING. HE HAS DRAWN SOME ADVANCE FOR THIS WORK. IN ADDITION HE HAS SUBMITTED PART BILL ALONG WITH M BOOK AND GOT PAYMENT .I WOULD LIKE TO KNOW WHETHER WE ARE LIABLE TO COLLECT TAX (VAT) ON THE PAYMENTS MADE TO THEM JUST LIKE TDS OF INCOME TAX. I AM OF THE OPINION THAT CONTRACTOR IS TO CHARGE VAT /WC TAX ON FINAL BILL AND TO REMIT THE TAX. PL CLARIFY THE POSITION
AND THE FORMALITIES TO BE FOLLOWED WITH FORM DEETAILS.

I would like to know

Is there any Book for the mentioned subject which contain the Questions & Answers only?

Dear Experts

The query which I'm posting is related to accounting treatment for waiver of loans specifically waiver of principal amounts.

Lets say A Ltd. took a loan for financing fixed assets and later on A Ltd. turned into loss making company.

Lender i.e. financial institution waiver off certain portion of principal and interest. Now the query is what should be the accounting treatment of waiver of principal in the books of A Ltd.

rgds
hitesh

A person who remits any sum outside india has to obtain a certificate from a CA to this effect. What are the implications if the bank does not insist on such certificate? who will be held liable for this default? And where does it specify that if the sum is paid outside india a CA certificate is mandatory?

An autonomous body set up by the Central Govt. running with the principle of non-commercial,non-profit making,non-political.
Registered as Society, Public Trust
Income Tax registration u/s 12A
Exemption u/s 80 G
Sales Tax exemption
Exempt from contribution to Charity Commissioner as'' Trust is for SECULAR EDUCATION'.
As per MOA the income&property of the Trust shall be utilised solely towards the promotion of the aims and objects and no part of the same shall be paid or transferred directly or indirectly by way of DIVIDEND ,BONUS OR PROFIT - SURPLUS if any earned from time to time is ploughed back for attainment of the objectives of the Trust.
As per Rules in the event of dissolution, its property if any after settling its debts and liabilities will be vested with Central Govt.
OBJECTIVES;
The main objective is to generate,develop and sustain at national level ,a voluntary
movement on OCCUPATIONAL SAFETY AND HEALTH
(OSH) by conducting educational campaigns
to prevent accidents and occupational hazards to emoloyees,employers.
ACTIVITIES;
Conducting training,seminar,conferences,Safety Audit,publishing News Letter,Journals ,safety posters, calendar relating to OSH.All these activities are
educational and running on "no-profit no loss basis"
INCOME TAX STATUS
ITAT Mumbai held the above activities as Educational and granted exemption u/s10(22) -for 12 years. The tribunal held that
"it is not necessary that there should be
a regular school or college and regular classes. The activities of the assessee for training pupil by conferences,seminar
training courses,safety films to the factory workders,common people and even to Govt.departments as educational activity".
Presently claiming exemption u/s 11.
Kindly advice whether Service Tax is applicable .

1)can you send me cpt syllabus copy plz to my mail plz........
2)im interested to do ca. can u guide me about the procedure to do ca. i want full information.......
i hope u r free to do this..............?

Dear All

is the person subletting the assets is comes under the preview of the service tax under rental income or not. wheathe rental income comes only the owner or the other person also.

kindly explain the same

Thaks

Can any body suggest me study notes for PE-II (Group 2) for all subjects.

Or crash course at mumbai?

or books?

anujjauhari@gmail.com

Thanx